Economic heavyweights have sent a clear message to governments and institutional investors this week, that shifting support away from fossil fuels reduces exposure to mounting economic risk and increases security for the public and investors alike. Speaking in London today, the Head of the Organization for Economic Co-operation and Development, Angel Gurria warned that governments must take swift action to put a price on carbon emissions and abolish fossil fuel subsidies, if we are to avoid a situation where leaders face a choice between “stranded assets or a stranded planet.” Gurria rebuked governments for failing to take decisive action to curb carbon emissions, despite the clear warning signs of a pending climate crisis that are far clearer, he said, than those of the recent financial crisis. Speaking in a webcast yesterday, Christine Lagarde of the International Monetary Fund and Jim Yong Kim of the World Bank made a similar case, reiterating two priorities of their own institutions: to remove the fossil fuel subsidies that incentivize the use of dangerous levels of dirty fuels, and to put a price on carbon. They said this approach would lead to economic benefits, while insulating the global economy from risks caused by a planet that warms beyond two degrees. The leaders argued that that tackling climate change requires no trade-offs in raising revenue and promoting growth, and warned that climate change poses a threat to economic stability and urged that investing in climate resilience now would pay off in the long run.